SUGAR STANDARDS & SPECIFCATIONS
BEET SUGAR
Beet Sugar – ICUMSA : 45 – 100 RBU (Method 9)
Polarization: 99.80% Min
Ash content: 0.04% Max
Moisture: 0.04% Max
Solubility: 100% Dry & Free Flowing
Radiation: Normal without presence of calcium or iodine
Color: Sparkling White Crystal
Granulation: Fine to Medium
Reducing Sugar: 0.05% Max by weight
CANE SUGAR GRADE A – ICUMSA 45 (Method 9)
ICUMSA : 45 RBU
Polarization: 99.80% Min
Ash content: 0.04% Max
Moisture: 0.04% Max
Solubility: 100% Free Flowing
Radiation: Normal Certified
Color : Sparkling White
Granulation: Fine
Origin: Brazil/Other South American Countries/India/Thailand
Polarization (%) indicates the sucrose content i.e. 99.5% means that for 100 portion of sugar, there are 99.5 portion of sucrose content hence the higher the polarization or the higher the sucrose content represents the higher quality of sugar.
CANE SUGAR – ICUMSA 100 (Method 9)
Specifications:
ICUMSA : 100 RBU
Polarization: 99.50% min
Ash content: 0.15% Max
Moisture: 0.10% Max
Solubility: 100% Free Flowing
Radiation: Normal Certified
Color: White
Granulation: Fine
Origin: Brazil/Other South American Countries/India/Thailand
Raw Sugar
RAW BROWN CANE SUGAR ICUMSA 600-1200 – (Method 9)
ICUMSA : 600 – 1200
Polarization: 96.00% Min
Ash content: 0.09% Max
Moisture: 0.09% Max
Color: Brown
Solubility/: 90% Free Flowing
Granulation: Fine
SO2: 20 PPM
Origin: Brazil/Other South American Countries/India/Thailand
Overview
LSUc1 London Sugar FuturesCommodity – ICE
LSUc3 London Sugar FuturesCommodity – ICE
LSUc4 London Sugar FuturesCommodity – ICE
LSUc5 London Sugar FuturesCommodity – ICE
LSUc6 London Sugar FuturesCommodity – ICE
LSU1 London Sugar FuturesCommodity – ICE
LSUc2 London Sugar FuturesCommodity – ICE
All these symbols refer to the same underlying contract:
London White Sugar No. 5 Futures (also called ICE White Sugar or simply “London Sugar”).
Contract details:
- 50 metric tonnes per contract
- Quoted in USD per metric tonne
- Physically delivered (FOB stowed at approved ports)
- Refined white sugar (ICUMSA max 45, polarization min 99.8°)
- Used as the global benchmark for refined/white sugar pricing
| Ticker | Meaning | What It Represents | Common Use |
|---|---|---|---|
| LSUc1 | London Sugar c1 | Front month (nearest/expiring soon contract) | Most watched for immediate price & physical trading |
| LSUc2 | London Sugar c2 | Second nearby month | Short-term forward curve |
| LSUc3 | London Sugar c3 | Third nearby month | Medium-term view |
| LSUc4 | London Sugar c4 | Fourth nearby month | Further forward pricing |
| LSUc5 | London Sugar c5 | Fifth nearby month (often the most liquid after front month) | Very commonly used as the generic/benchmark quote |
| LSUc6 | London Sugar c6 | Sixth nearby month | Longer forward curve |
| LSU1! | London Sugar Continuous Contract | Continuous/rolled chart — automatically rolls from one contract to the next | Best for long-term price charts & historical analysis |
Key Notes
- The “cN” suffix (c1, c2, c5, etc.) = “continuous N” — it points to the Nth active contract in the futures curve.
- All London #5 Futures prices (LSUc1, LSUc5, etc.) are quoted on an FOB basis (Free On Board + stowed at origin port). They do not include freight or insurance to the destination port.
- LSUc5 is one of the most popular because it often represents a well-traded later nearby month and is frequently used as the default “London Sugar” reference in many platforms and news.
- LSU1! is the best choice when you want a single long-term chart without manual rolling between expiry months.
- All these are traded on ICE (Intercontinental Exchange) Europe.
- For current market level / physical pricing reference → Look at LSUc1 (front month) or LSUc5 (these are FOB benchmarks).
- For historical trends → Use LSU1! (FOB basis).
Packaging, Weight and Storage:
The product will be packed in net 50 kg (fifty kilograms) new polypropylene bags with polyethylene lining. The bags have a combined tare of 100 gm minimum (one hundred grams) and are sufficient to ensure the safe arrival of product to destination. The bags will be loaded on euro pallets. 2% extra bags are supplied free of charge. Once loaded on the euro pallets, the bags on each pallet will be covered with at least 1 protective 2 mm Polyethylene bag (pallet cover). Bags will be labeled in English language in black color as per buyer’s instructions.
Payment Terms:
1. Payment: 10% advance and 90% Irrevocable, Transferable, Confirmed, LC at Sight.
2. LC Valid For 90 Days and expire in India.
3. Payment at sight at the counters of negotiating bank with reimbursement clause to the effect that reimbursement by T/T within three days upon confirmation from the negotiating bank that shipping documents received are in compliance with LC terms.
4. Third Party Documents Are Acceptable.
5. Inspection by any independent surveyor at seller’s cost at loading port.
6. Partial Shipment Allowed.
7. Transshipment Allowed.
8. As Per L/C, Advising Bank Should be Standard Chartered/HSBC/ICICI Bank, New Delhi.
Complete LC draft required from LC issuing bank / buyer before issuing the original LC.
L/C to allow:
– Fumigation date after bills of lading date acceptable.
-Phytosanitary certificate date after B/L date and/or showing name, address of consignee acceptable.
– Minor discrepancies, spelling errors acceptable.
– Letter head, signatures, and stamps in languages other than English acceptable.
Inspection:
By seller’s cost and SGS/Cotecna/Bureau of Veritas/ IGI is appointed by seller and have to inspect before 3 days of shipment and at loading port.
Documents to be submitted:
1. Original and 3 copies of seller invoice
2. Original and 3 copies of certificate of weight
3. Original and 3 copies of certificate of analysis
4. Complete set (1) original and three (3) copies of on-board bills on lading (B/L) showing quantity loaded. Switch and change of bill of lading permissible in our name and as per charter party agreements.
5. Certificate of origin (1) original and (3) copies issued by the relevant authority.
6. Inspection certificate by SGS/Cotecna/Bureau of Veritas/ IGI.
7. Weight, quality and quantity issued by SGS/Cotecna/Bureau of Veritas/ IGI.
8. Certificate of insurance.
9. Phyto sanitary certificate & fumigation certificate.
10. Certificate of free radiation.
11. Packing list in triplicate.
